The Task Environment Consists of Stakeholders with Whom Organizations Interact

question 31

True/False

The task environment consists of stakeholders with whom organizations interact on a fairly regular basis.

---

Definitions:

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year with its current assets.

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered or used on credit but not yet paid for.

Long-Term Note Payable

A liability representing borrowed money that is due for repayment beyond the next twelve months from the balance sheet date.

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to cover its short-term obligations with its short-term assets.